The minister of Transportation, Mr Rotimi Amaechi, has said that the ministry has finally got approval from President Muhammadu Buhari, to commence the disbursement of the controversial Cabbotage Vessels Financing Fund(CVFF) by January 2020.
The minister who said this on Friday in Lagos at the 2019 Nigerian Shippers' Council (NSC) appreciation night, also said that the ministry will be meeting with all the heads of agencies under the transportation ministry on Tuesday to know their plans for the fund.
He added that there will also be another meeting with the agencies again in January.
Explaining further, Amaechi said the essence i of the meetings is to know their plans for the fund.
"We will be meeting with the agencies under the ministry, to know their plans for the fund. And where their plans are better than our own , we will follow their plans because they are the players" he concluded.